Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: stomper who wrote (136606)	12/1/2001 9:35:17 AM
From: Box-By-The-Riviera™	Respond to of 436258

funny how the people know long before it is announced... we need some "housewife" poling data! throw out the rest.

To: stomper who wrote (136606)	12/1/2001 2:29:19 PM
From: Simba	Read Replies (1) \| Respond to of 436258

Can somebody explain what "dollarization" means ? I guess this means that all peso's in circulation and in vaults are rounded up and burnt and replaced with "equivalent" dollars. Who fixes the dollar-peso rate ? Didn't Argentina have a fully convertible currency and therefore there is a currency market determined current peso-dollar rate. Considering the circumstances of their debt etc, this should result in so few dollars for all of that peso deposits. How can people expect to live on such a few dollars. Is the IMF or basically the US going to just fix a favorble Peso-dollar rate so that Argentina and its peso deposits are worth something after the "dollarization" ? Or are they just going to print a lot of dollars and hand them over as loan to the already heavily indebted Argentina ? Any one care to shed more light on this "dollarization"?